Chemed: Q3 Earnings Snapshot

Associated Press Finance
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CINCINNATI (AP) — CINCINNATI (AP) — Chemed Corp. (CHE) on Wednesday reported third-quarter net income of $75 million.

On a per-share basis, the Cincinnati-based company said it had net income of $4.93. Earnings, adjusted for non-recurring costs, were $5.32 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.92 per share.

The operator of the Roto-Rooter plumbing service and Vitas Healthcare hospices posted revenue of $564.5 million in the period.

Chemed shares have dropped almost 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $507, a climb of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHE at https://www.zacks.com/ap/CHE

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